The Bank of England will be told by MPs today to look into the impact that its
£325 billion money-printing operations and low interest rates are having on
savers.

The Treasury Select Committee believes that “loose” monetary policy is
penalising many households and is demanding that the Bank provide detailed
estimates of the overall benefits and losses to pensioners and younger
savers.

The Bank should also improve efforts to explain the benefits of its monetary
policy to the public, the committee says in a wide-ranging report.

The demands come amid widespread anger from retirees, who say that their
annuities are